Circle raises $222M in Arc token presale at $3B FDV from a16z crypto, BlackRock and others; Q1 revenue up 20%

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The Block Editorial

(11:36 AM UTC)

1 min read

Circle Internet Group (CRCL) raised $222 million for Arc, its new institutional Layer 1 blockchain, giving the network a fully diluted valuation of $3 billion and making Circle the first publicly listed company to conduct a token presale.

a16z crypto led the round with a $75 million commitment, according to CNBC. BlackRock, Apollo Funds, Intercontinental Exchange, SBI Group, Janus Henderson…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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